Umo Eno Is Committed To Blue Economy, Maritime Development: Oil , Gas

Umo Eno is committed to blue economy, maritime development: Oil , Gas . Akwa Ibom Oil and Gas Professionals have been assured of the commitment of the state government to harnessing the potentials of the blue economy and the extensive maritime development.

The Commissioner for Special Duties and Ibom Deep Sea Port, Comrade Ini Ememobong, reiterated the commitment of the state government to harnessing the potentials when he hosted members of the Akwa Ibom Oil and Gas Professionals to a courtesy call in his office on Thursday, March 13.

He said the recent commissioning of the Surge Protections project and development of Surge lines in Oron, was a demonstration of Governor Umo Eno’s dedication to maritime development, emphasising that the action would bring greater focus on maritime transport and recreation in the area.

Highlighting the significance of the Ibom Deep Seaport, which he described as a foundation for future development, Comrade Ememobong acknowledged the importance of a collaboration between the Ministry and the maritime oil and gas professionals and assured them of his readiness to work together with them, in order to drive growth and development in the maritime sector so as to achieve the long-term objectives of the state in the maritime sector.

The Commissioner stated that the industrial city envisioned by the Governor aims to build indigenous capacity and ensure local participation in its development, saying, “This is where the local content law comes into play, requiring that a certain percentage of the project’s workforce, services, and materials be sourced locally.”

“To activate this law, however, there needs to be available capacity among local individuals and businesses.

This is why His Excellency has prioritised capacity procurement, which ensures that the necessary skills and resources are in place before project execution begins. By doing so, the government can guarantee that local communities are well-prepared to take advantage of the opportunities arising from the industrial city’s development,” he emphasised.

Comrade Ememobong seized the occasion to commend the technical committee, led by Mrs. Mfon Usoro, in driving the Ibom Deep Seaport project forward, saying the committee is ready to collaborate with key stakeholders to turn the vision of the Ibom Deep Seaport into a reality.

Earlier, while addressing the Commissioner, the leader of the delegation and Secretary General Port State Control for the West and Central African Region, Captain Sunday Umoren, expressed his team’s enthusiasm in supporting the development of Akwa Ibom State’s maritime sector.

As indigenes of the state, with expertise in various sectors of the maritime cluster, they seek to give back by investing in human capacity building, in view of the upcoming Ibom Deep Seaport.

Umo Eno

“We are here to render our services to you; we will respect your support in planning because the deep seaport is coming: the port is just a notch, but there are other aspects to port development, which if we don’t position ourselves very well, we may end up having a deep seaport in Akwa Ibom but not making the best out of it.” He said.

Other members of the team were the Senior Special Assistant to the Governor on Project and Director of Project, Ibom Deep Seaport, Engr. Akaninyene Ekong; Former District Surveyor NIMASA, Marine Surveyor Engr. Eyo James; and Project Lead, Shell UK, Adjunct Professor John Moores University, UK, Prof Maurice Asuquo.

Also on the team were the Chief Engineer, Jad Construction limited, Warri, Engr. Iniobong Ebong; Marine Pilot, Nigerian Ports Authority, Bonny/Port Harcourt Pilotage District, Rivers Port Complex, Nkopuyo Abraham.

Tinubu Reveals How Buhari Almost Bankrupted Nigeria; He Quickly Saved The Country

Tinubu reveals how Buhari almost bankrupted Nigeria; He quickly saved The country. The statement came hours after Muhammadu Buhari issued a statement Thursday afternoon reiterating his loyalty to the president and the ruling APC.

President Bola Tinubu on Thursday said he took over a Nigeria that was in the throes of bankruptcy after eight years of his predecessor Muhammadu Buhari.

“Nigeria would have been bankrupt if we had not taken the actions that we took, and we had to prevent the economy’s collapse,” Mr Tinubu said during a meeting with a group of supporters at the State House in Abuja.
The Nigerian leader has faced criticism for mishandling the economy after inflation soared for consumer items nationwide, a development analyst blamed mainly on the president’s decision to eliminate subsidies on essential petroleum products.

Mr Buhari was the first politician to be elected president on the platform of the All Progressives Congress, serving two terms of four years each from 2015 to 2023. He handed power to Mr Tinubu on the same platform, arguing during his last days in office that he had turned the nation’s socio-economic conditions around during his tenure.

Both leaders remained key political allies, and Mr Buhari issued a statement earlier on Thursday reiterating his loyalty to Mr Tinubu and the APC, following rumours that the former president was considering joining a budding alliance to defeat Mr Tinubu at the ballot in 2027.

It was unclear how Mr Tinubu’s statement would be received by Mr Buhari, who now lives in Kaduna following his exit from power.

A spokesman for the former president did not immediately return a request seeking comments about his successor’s statement Thursday night.

A State House press release said the president sought to assuage citizens that conditions would continue to improve after inflation showed signs of cooling in recent months.

Read the full press statement as issued by the president’s spokesman Bayo Onanuga below:
President Bola Ahmed Tinubu articulated on Thursday the rationale behind his administration’s economic reforms, saying the primary motive was protecting the interests of future generations.
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“For 50 years, Nigeria was spending money of generations yet unborn and servicing the West coast of our subregion with fuel. It was getting difficult to plan for our children’s future,” he said.

He made these remarks at the State House in Abuja while receiving a delegation of former National Assembly colleagues from the aborted Third Republic, during which he served as a Senator representing Lagos West.

The President highlighted the challenges faced at the beginning of his administration, especially economic and social issues, and expressed his gratitude for the delegation’s support in addressing these difficulties:

“We faced serious headwinds when I took over, very challenging times. Nigeria would have been bankrupt if we had not taken the actions that we took, and we had to prevent the economy’s collapse.

President Tinubu declared that the administration had been able to stem the tide and expressed appreciation to Nigerians for their collective support in turning things around.

“Today, we are sitting pretty on a good foundation. We have reversed the problem; the Exchange rate is stabilising. Food prices are coming down, especially during Ramadan. We will have light at the end of the tunnel.”

He said firm adherence to democratic tenets is the best route to economic, social, and political development.

“I am happy that you are holding to your belief in democracy. I thank you for keeping faith and remembering how we started. Some people missed the ball.

“Some leadership failed, but we kept the faith with our democratic beliefs and freedom and the right to aspire to the highest office in the land. I am benefitting from it.”

Senator Emmanuel Chiedoziem Nwaka, who spoke on behalf of the group, expressed his delight at some of the programmes that the Tinubu administration had implemented, especially the Nigerian Education Loan Fund (NELFUND) and the Nigerian Consumer Credit Corporation (CREDICORP) and at what the two organisations were offering Nigerians.

“I appreciate you for what you are giving to students because the student population is the largest demographic in the country. I’ve spoken with many of them, and many have benefited from it.

Buhari Almost Bankrupted Nigeria

“And the next one is the CREDICORP. That’s a major way of fighting corruption. You see a young man, you come out of school, you want to buy a car, you have to put down cash, you want to buy a house, and you are not married, but with the CREDICORP, you can get things done. I’m following their activities; we are delighted,” he said.

Other members of the delegation were Sen. Bako Aufara Musa, Hon. Terwase Orbunde, Hon. Wasiu Logun, Hon. Amina Aliyu, High Chief Obi Anoliefo and Hon. Eze Nwauwa.

Bayo Onanuga
Special Adviser to the President
(Information & Strategy)
March 13, 2025

Peter Obi Says Tinubu Kept His Promises; Pushed Dollar To N1,500, Fuel To N1,000, Rice To N100,000

Peter Obi saysTinubu kept his promises; pushed dollar to N1,500, fuel to N1,000, bag of rice to N100,000. Peter Obi, former Anambra governor and Labour Party presidential candidate in 2023, has derided President Bola Tinubu’s government for worsening economic conditions, blaming it for the naira’s collapse, soaring food prices, and rising petrol costs.

During his meeting with Bauchi governor Bala Mohammed on Thursday, Mr Obi mocked Mr Tinubu’s administration, stating that it had made things worse than it met them.

“Tinubu promised to continue where Buhari stopped. If you look at it, Buhari left the dollar at about N400, today it is about N1,500. Rice was about N40,000, it is now over N100,000. Fuel was about N300, it is now over N1,000. I can go on and on—everything has doubled and tripled. So, he has done exactly as he promised,” Mr Obi said.

Comparing Nigeria’s economy to Indonesia’s, Mr Obi said, “In Indonesia, a president was sworn in about the same time as another one in Nigeria. Ten years later, Indonesia moved their GDP from $800 billion to $1.3 trillion, and their per capita income from $3,000 to $5,000.

Tinubu Kept His Promises

“Here in Nigeria, our GDP fell from $500 billion to $200 billion, and per capita income dropped from $3,500 to below $2,000—that is the difference,” he added.

During the meeting, Mr Mohammed expressed readiness to work with Mr Obi to provide good governance to Nigerians.